Last Updated 4/12/19
Latest Update: DVCU has increased its Certificate of Deposit rates to match Canyon State Credit Union's rates. View the rates page to learn more.
We're excited to announce a proposed merger with Canyon State Credit Union!
On April 5, 2019 we announced a proposed merger with our friends and respective colleagues at Canyon State Credit Union (CSCU). This mutually beneficial merger will combine our two cooperative financial institutions so that we can:
- provide a greater selection of products and services
- provide additional conveniences
- strengthen our community impact
- and offer members an expanded branch network with 6 new locations!
Both credit unions are very happy about the opportunities this merger will bring for all of us. We hope you join us in embracing this collaborative initiative to help create a more prosperous future for both memberships!
Frequently Asked Questions:
Will employees of the credit union keep their jobs?
Yes! We're proud to say that all employees at both credit unions will retain their jobs!
Will all branch locations stay open?
Yes! We're keeping all locations of both credit unions open!
When will the merger be final?
After a positive vote from both memberships, and final approval from regulators, we hope to finalize the merger late this summer.
What will the new credit union name be?
After the merger is approved by both memberships and regulators, we will determine a name for the new credit union in late 2019 / early 2020.
How will my accounts be affected?
After the merger is official (late summer 2019), account and system experts from both credit unions will provide the most efficient and least disruptive solution for merging the two membership databases into one system. We'll provide frequent updates on the progress every step of the way, and work to make the transition as smooth as possible for you. Your accounts will not be affected until 2020.
Do I need to do anything now?
You do not need to do anything at this time. Please continue to conduct your banking transactions as you normally would. There will be no account changes until 2020.
What happens if I’m a member of both credit unions?
Nothing will change for you at this time. You should take note that you will have the opportunity to vote on the proposed merger at both of your member institutions. When voting takes place, please be sure you complete a ballot for each credit union.
You Can Help Us Grow Stronger Together
We truly feel that this merger is a perfect strategic fit. The new, combined organization will offer more products, services, and locations for all members and will position us with greater means to continue to offer you premium rates and excellent service long into the future.
When you receive your ballot we hope you vote in favor of our proposed merger. This will allow our not-for-profit financial institution to stay competitive, providing you what you want and need while continuing to supporting our local communities.
Our co-op financial industry continues to feel increased pressure from outside Financial Technology (FinTech) companies. We want to keep thriving as one of Arizona's best member-owned cooperatives!
We're already strong, but we can be stronger together!